Housing Corporation addressing demand for homes
31 January 2014, 13:57
Nairobi - National Housing Corporation (NHC) has resorted to low-cost building material in a move aimed at reducing cost of building houses and meet rising demand for the demand for homes.
The corporation has as such set out to build at least 30,000 houses by the end of this year if it is going to meet the ever growing demand for houses.
“All the 30,000 units will be constructed using low cost building material and thereby reducing the cost of the complete house by a rate of up to 30 percent,” said Wachira Njuguna, NHC Managing Director.
The low-cost material used includes polystyrene panels instead of stone, a technology which he said would increase the construction of houses by reducing the time it took to complete a construction project.
“This technology is fast for instance we have managed to complete 45 houses in 60 days. Any private developer would find this persuasive enough. They would find the turn-around of their company will be much higher than when using natural stones,” said Njuguna.
According to the NHC, the current housing shortfall in the country is 50 000 units a year whereas the government has allocated Sh1.2 billion to the corporation to put up houses across the country.
The low cost houses will be a reprieve for Kenyans who find mortgage rates too high for many to afford according to a recent mortgage report released by the Mortgage Company.
– CAJ News